In The News Today

Posted at 4:18 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

This is today in gold.  The Black Hats are the Gold Banks plus one hat from the US Fed. The tactics in the market fiddle have been so childish that they are totally transparent. It is an act of desperation indicating a total lack of tools for any central bank to handle what they know is coming.

The idea that the patient (Western financial system) will recover because Dr. Strangelove of the Fed jumped up and down on the fever thermometer (the gold price) is the height of rank, blatant, foolishness and ignorance I thought the Fed leadership was not even capable of. They did this in the 1970s and it failed as miserably as this act of desperation will also.

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Jim Sinclair’s Commentary

Artificially depressing the price of gold is not going to fix this.

Gold will go to $3500 and above. QE will go to infinity through the back and front door.

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